The Minister of sport and youth policy, spoke about the Azerbaijan’s spending on Formula 1

The Minister of sports and youth policy of Azerbaijan Azad Rahimov told that the state invests in the host a Formula 1 80% of the total cost, but there are plans to attract two major sponsors.

“We mainly make money by selling tickets, – says the Minister. – We can’t attract their sponsors, yet we do not have their own advertising space. The whole is under contract belongs to the Formula 1. And all negotiations with sponsors abut one problem: partners want to see advertising where we can’t hang. Including in our seaside Boulevard.

Also have our local companies who want to participate in the implementation plan of food and drink during a stage of the Formula 1, and we happily engage. We hope that in the future we will be able to attract sponsors because we will have their own advertising space.

We are in constant negotiation with two potential partners. Is the national airline, as it is too focused on tourism and the Azerbaijan oil company Sokar. Perhaps in the near future they Statute title sponsors of the stage of F1 in Baku.”